Polaris Inc.
Cash Flow Statement
| Line Item | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-47.4M | $-303.6M | $-15.8M | $-79.3M | $-66.8M | $10.6M | $27.7M | $68.7M |
| Depreciation & Amortization | $63.2M | $67.6M | $72.6M | $72.9M | $73.4M | $79.5M | $74.4M | $69.5M |
| Depreciation | $58.6M | $62.5M | $66.7M | $66.9M | $67.4M | $73.5M | $68.4M | $64.1M |
| Amortization | $4.6M | $5.1M | $5.9M | $6.0M | $6.0M | $6.0M | $6.0M | $5.4M |
| Stock-Based Compensation | $20.7M | $10.8M | $16.3M | $20.2M | $12.6M | $10.8M | $10.0M | $15.9M |
| Net Cash from Operating Activities | $-320.2M | $178.7M | $158.8M | $320.3M | $83.2M | $206.3M | $21.0M | $146.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $29.7M | $64.7M | $42.1M | $40.5M | $35.6M | $69.0M | $53.4M | $67.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-121.6M | $-62.7M | $-17.1M | $-31.4M | $-28.3M | $-52.7M | $-52.4M | $-109.1M |
| Financing Activities | ||||||||
| Dividends Paid | $38.7M | $37.3M | $37.9M | $37.6M | $37.5M | $37.0M | $36.6M | $36.8M |
| Stock Repurchases | $9.2M | $0 | $0 | $0 | $2.4M | $400.0K | $0 | $66.3M |
| Net Cash from Financing Activities | $506.6M | $-233.8M | $-130.3M | $-272.0M | $-56.9M | $-142.0M | $-4.6M | $-28.3M |
| Net Change in Cash | $61.9M | $-115.2M | $11.6M | $32.8M | $4.1M | $-3.4M | $-31.2M | $3.9M |
| Free Cash Flow | $-349.9M | $114.0M | $116.7M | $279.8M | $47.6M | $137.3M | $-32.4M | $79.1M |